DeFi IS THRIVING!!!!
Last month, many coins in the DEFI sector delivered outstanding performances, including #TRB , #HIFI , and radium. Among them, #TRB particularly caught everyone's attention as it surged nearly tenfold from its original price. The one-month timeframe displays a significant green candle in the volume, indicating robust buying activity within this sector.
WHAT IS DeFi?
Decentralized finance (DeFi) is a cutting-edge financial technology built on secure distributed ledgers, much like those employed by cryptocurrencies.
WHY IS DeFI IMPORTANT?
DeFi seeks to establish a peer-to-peer network and eliminate intermediaries. Traditional banks often act as intermediaries, charging fees for their services, and DeFi aims to eradicate these fees. All you need is an internet connection and Dapps to lend and borrow without any middleman involvement. Interest rates will be determined by the parties involved, rather than government regulation. In essence, DeFi provides a decentralized alternative to traditional finance. With the crypto market continually expanding and a growing need for financial solutions, DeFi emerges as an excellent choice.
WHICH COIN SHOULD YOU CONSIDER NOW?
BNT coin is currently displaying high volatility. In the last month, it has surged by 50% on two occasions, and its August and October volume candles are substantial, indicating strong buying interest. It's worth noting that BNT has experienced a significant 90-95% drop from its all-time high (ATH). This presents an excellent opportunity to buy at the current price and consider waiting for a breakout above $0.61 in the future, as there appears to be a potential double top pattern forming. BNT could be the next big performer, much like #TRB
